Exemption u/s 35 AC - Central Government had specified the scheme of the Bombay Youngmen's Christian Association, Mumbai as an eligible project or scheme - S.O.255(E) - Income Tax Act, 1961
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Exemption under section 35AC extended: YMCA vocational training centre specified as an eligible project for three assessment years. Central Government specified the Bombay Youngmen's Christian Association scheme for construction, equipment, furnishing and running of a vocational training centre at Andheri, Mumbai, as an eligible project under the Explanation to section 35AC, extending prior designation for a further three assessment years following a National Committee recommendation and identifying the project purpose, location and estimated cost.
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Provisions expressly mentioned in the judgment/order text.
Exemption under section 35AC extended: YMCA vocational training centre specified as an eligible project for three assessment years.
Central Government specified the Bombay Youngmen's Christian Association scheme for construction, equipment, furnishing and running of a vocational training centre at Andheri, Mumbai, as an eligible project under the Explanation to section 35AC, extending prior designation for a further three assessment years following a National Committee recommendation and identifying the project purpose, location and estimated cost.
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